Iris Biometric Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-205 | Report Format : | Status : Upcoming |

Abstract

Iris biometric is an automated method used for the identification that uses mathematical pattern-recognition techniques on video images of one or both of the irises of an individual's eye, whose complex random patterns are unique, stable, and can be noticed from a certain distance. Iris recognition systems capture images of an iris while it is been illuminated by the light in the near infrared wavelength band (700 to 900 nm) of the electromagnetic spectrum. In the iris biometric system, a template that is created by imaging an iris is compared with stored template in the database for the purpose of identification or verification. Different methods used for comparison process are one-to-one template matching and one-to-many template matching.

Newer technology advancements and growing use in surveillance, access, and identity applications is the major factor driving the growth of the global iris biometric market. Constant use of this technology in national ID programs, healthcare, banking and financial services, and system and network access control is also anticipated to impact the growth of the market in a positive way in the near future. In addition, smart phone manufactures are showing great interest in using iris biometric technique for the improvement of safety standards. In addition, national security agencies are also using the iris scanning technology for the purpose of verifying the identity of the immigrating people from other countries. On the other hand, lack of appropriate standards and high costs may hamper the growth of the global iris biometric market in future.

On the basis of components, the global iris biometric market is segmented as hardware components and software components. Based on the product, the global market is further segmented as smartphones, tablets and notebooks, smart watches, PCs and laptops, scanners, and others. On the basis of application, the global iris recognition market is segmented as access control and time monitoring. Further based on the end-use industry, the global market is segmented as government, military and defense, banking and finance, healthcare, consumer electronics, automotive, and travel and immigration. Out of these, the government segment accounted for the largest share of the market.

Europe dominates the global iris biometric market followed by North America owing to its high demand in the region. Asia Pacific is anticipated to witness the fastest growth followed by Middle East. Owing to the services such as access control, national identity, time and attendance monitor, and public safety provided by this technique, the iris biometric market is expected to experience high growth in the future.

Major players dominating the global iris biometric market are Smartmatic, MorphoTrak, Smart Sensors Ltd., Anviz Global, SRI International, and Iris ID Inc. Other players influencing the global market are BioEnable Technologies Pvt. Ltd., Aditech Ltd., IrisGuard Inc., Human Reco Systems, AOptix Technologies Inc., and EyeLock Corp.

Iris Biometric Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Award Management Software Market by Deployment (On-Premises and Cloud-Based), by Organizational Size (Small and Medium Enterprises and Large Enterprises), and by End-User (Private and Family Foundations, Community Foundations and Fundraising Organizations, Corporate Foundations, Associations, Education Institutions, Government Institutions, Non-Profits and Charities, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Apr-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4040 | Report Format:

The report covers a forecast and an analysis of the award management software market on a global and regional level. The study provides historical data for 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the award management...Read More

Automated Guided Vehicle (AGV) Fleet Management Platform Market By Vehicle Type (Unit Load Carrier, Forklift Truck, Hybrid, Tow Vehicle, Pallet Truck, and Others), By Technology (Laser Guidance, Magnetic Guidance, Natural Navigation, Vision Guided, and Others), By Application (Logistics, Warehousing, Assembly, Packaging, and Others), and By Vertical (Automotive, Aerospace, Healthcare, Retail, Manufacturing, Food & Beverage, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027

Apr-2019 | Price : $ 4899.00 | Pages: 138 | Report Code: ZMR-4028 | Report Format:

The report analyzes and forecasts the automated guided vehicle (AGV) fleet management platform market on a global and regional level. The study offers past data for 2017 and 2018 along with a forecast from 2019 to 2027 based on revenue (USD Thousand). The assessment of automated guided vehicle (AG...Read More

Small Cell 5G Network Market by Radio Technology (Standalone and Non-Standalone), by Product (Femto Cell, Pico Cell, Micro Cell, Metro Cell, and Wi-Fi), by Component (Solutions and Services), and by End-User (Telecom Operators and Enterprises): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 202 | Report Code: ZMR-4024 | Report Format:

The report covers a forecast and an analysis of the small cell 5G network market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of the smal...Read More

Digital Remittance Market by Remittance Type (Inward and Outward), by Remittance Channel (Banks, Money Transfer Operators, Online Platforms, and Others), and by End-User (Migrant Labor Workforce, Businesses, and Individual/Personal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Apr-2019 | Price : $ 4899.00 | Pages: 145 | Report Code: ZMR-4022 | Report Format:

The report covers a forecast and an analysis of the digital remittance on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the digital remitt...Read More

Cloud Based Payroll Software Market by Product Type (Free and Open-Source Software and Subscription-Based Software), by Organization Size (Small- and Medium-Sized Enterprises and Large Enterprises), by Application (Government, Banking, Financial Services, & Insurance, IT, Education, Defense, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Apr-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4018 | Report Format:

The report covers a forecast and an analysis of the cloud based payroll software market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the clou...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.